Narrow search
Showing 1 - 10 of 163
Cover Image
Cooperation, Competition, and Welfare in a Matching Market
Bester, Helmut; Sákovics, József - 2022
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10014467786
Cover Image
Folk theorems with bounded recall under (almost) perfect monitoring
Mailath, George J.; Olszewski, Wojciech - 2008
), while strict equilibria in unbounded-recall strategies are typically not robust. We prove that the perfect-monitoring folk …
Persistent link: https://www.econbiz.de/10010266288
Cover Image
Optimal dynamic auctions
Pai, Mallesh; Vohra, Rakesh V. - 2008
We consider a dynamic auction problem motivated by the traditional single-leg, multi-period revenue management problem. A seller with C units to sell faces potential buyers with unit demand who arrive and depart over the course of T time periods. The time at which a buyer arrives, her value for...
Persistent link: https://www.econbiz.de/10010276989
Cover Image
Ranking friends
Kets, Willemien; Feinberg, Yossi - 2012
, we study equilibria with bilateral enforcement in which only the victims punish non-cooperating deviators. We show that …
Persistent link: https://www.econbiz.de/10010352860
Cover Image
Compressed equilibrium in large repeated games of incomplete information
Kalai, Ehud; Shmaya, Eran - 2013
Due to their many applications, large Bayesian games have been a subject of growing interest in game theory and related fields. But to a large extent, models (1) have been restricted to one-shot interaction, (2) are based on an assumption that player types are independent and (3) assume that the...
Persistent link: https://www.econbiz.de/10010352862
Cover Image
An Evolutionary Approach to Congestion
Sandholm, William H. - 1997
set of Nash equilibria and the set of equilibria which are robust against small disturbances of aggregate behavior. We … provide a strong evolutionary justification of why equilibria must arise. We characterize situations in which stable … equilibria are socially efficient, and show that in such cases, evolution always increases aggregate efficiency. Applying these …
Persistent link: https://www.econbiz.de/10012236010
Cover Image
Cooperation, competition, and welfare in a matching market
Bester, Helmut; Sákovics, József - 2022
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...
Persistent link: https://www.econbiz.de/10013333575
Cover Image
Equilibria existence in regular discontinuous games
de Castro, Luciano I. - 2008
-reply security and Simon and Zame's endogenous sharing rule method. Regularity implies that the limits of €-equilibria are equilibria …
Persistent link: https://www.econbiz.de/10010282886
Cover Image
God Does Not Play Dice, but Do We? On the Determinism of Choice in Long-run Interactions
Backhaus, Teresa; Breitmoser, Yves - 2018
When do we cooperate and why? This question concerns one of the most persistent divides between \"theory and practice\", between predictions from game theory and results from experimental studies. For about 15 years, theoretical analyses predict completely-mixed \"behavior\" strategies, i.e....
Persistent link: https://www.econbiz.de/10011932961
Cover Image
Portfolio liquidation games with self-exciting order flow
Fu, Guanxing; Horst, Ulrich; Xia, Xiaonyu - 2022
mean-field control problem. We characterize open-loop Nash equilibria in both games in terms of a novel mean-field FBSDE … the solution of the FBSDE systems do indeed provide open-loop Nash equilibria. …
Persistent link: https://www.econbiz.de/10013197567